Kotak Mahindra Bank posts 26.34 percent growth: what it means for Kotak Mahindra Bank stock

Published on 10/25/2026 at 00:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Profit reached INR 56.5 billion in Q2 FY27, up 26.34 percent year on year. Kotak Mahindra Bank stock saw NIM at 4.31 percent.

Earnings quality under review

Consolidated profit reached INR 56.5 billion in the second quarter of fiscal 2027, up 26.34 percent year on year.
Net interest margin fell to 4.31 percent from 4.54 percent in the year-ago quarter.
Market capitalization stood at INR 4.3 trillion on October 23, 2026.

Kotak Mahindra Bank, banking, Q2 FY27 results, net interest margin, NSE, Illustration mit AI erstellt.

Kotak Mahindra Bank reported consolidated profit after tax of INR 56.5 billion for the second quarter of fiscal 2027, a 26.34 percent year-on-year increase, according to ETBFSI on October 24, 2026. The result combined stronger lending income with a lower net interest margin.

Profit growth broadens the base

Standalone profit after tax rose 29.47 percent year on year to INR 42.1 billion in the September quarter, while net interest income increased 15.71 percent to INR 84.6 billion. Fortune India reported that consolidated total income rose 18.17 percent year on year to INR 294.3 billion for the quarter ended September 30, 2026.

The lending base also expanded. Net advances increased 25 percent year on year to INR 577.3 billion as of September 30, 2026, while average total deposits rose 19 percent to INR 606.0 billion, according to Fortune India.

Why does 4.31 percent NIM matter?

The margin figure is the main counterweight to the profit growth. Net interest margin declined from 4.54 percent in the year-ago quarter and 4.53 percent in the preceding quarter to 4.31 percent, with the bank linking the pressure to foreign currency non-resident deposits of INR 553.4 billion mobilized during the quarter.

Asset quality provided a second support. Gross non-performing assets fell to 1.04 percent from 1.39 percent a year earlier, while net non-performing assets declined to 0.24 percent from 0.32 percent. The consolidated capital adequacy ratio stood at 22.4 percent on September 30, 2026.

What does the market value imply?

The NSE close of INR 430.50 on October 23, 2026, put Kotak Mahindra Bank at a market capitalization of INR 4.3 trillion. The same close sat within a 52-week range of INR 345.50 to INR 453.10, leaving the earnings release to be weighed against both expanding advances and softer margins.